Global Economy
Industry Execs See Reinsurance Market Woes Continuing
The worst reinsurance market in memory looks set to carry into 2015, industry executives said. An absence of costly disasters and increasing competition from new entrants dragged on prices this year, ...
Regulatory Change Positions Pakistan’s Insurance Sector For Expansion
Pakistan's insurance sector is set for a boost in competition which could help spread the uptake of insurance after the industry regulator allowed conventional firms to offer sharia-compliant ...
Two Everest Re Divisions Team to Offer Global Specialty Coverages
Two divisions of Everest Re Group will combine to offer specialty coverages outside of the United States and Canada, essentially going global in their efforts. Specialty Insurance Group (SIG) and ...
China’s Ping An Insurance Rolls Out Homebuyer Financing
Ping An Insurance (Group) Co., China's second-largest insurer, started a service financing down payments for potential homebuyers as more Chinese cities ease purchase restrictions to bolster sales ...
Ex-NSA Leader: JPMorgan Cyber Attack May Have Had Greater Purpose
Hackers who stole gigabytes of data from JPMorgan Chase & Co. may have been trying to send a message that U.S. financial institutions can be disrupted, the former director of the National ...AIG’s Chairman Says Leadership Change Follows Strategic Victory
The leadership transition at insurer American International Group Inc. is like switching generals after winning a war, Chairman Steve Miller said today. "We're changing generals as we move from ...
SEC Launches Tower Group Investigation
Tower Group International's situation has taken another turn for the worse, with news that the U.S. Securities and Exchange Commission is now investigating the struggling Bermuda insurer and ...
China Insurers Market “Naughty Child” Coverage and Other Innovations
Your child throws a tantrum and smashes something? Take out "naughty child insurance". Similarly, buy cover against your bride becoming pregnant before the honeymoon, your team being knocked out of ...